How does electronic commerce benefit small firms?
A)Small firms are often more "tech savvy" allowing quicker adoption of innovations.
B)Large firms may not push the consumer towards the Internet resulting in small firms being able to gain customers.
C)E-commerce allows small firms to expand beyond local markets without having to make a large investment.
D)The government has committed significant resources to encourage small firms to adopt an e-commerce business model.

Question

Quizplus · Accepted Answer

E-commerce allows small firms to reach a wider customer base without the need for physical expansion, which can be financially burdensome. This can lead to increased sales and revenue for the small firm. Additionally, e-commerce platforms often have lower overhead costs than traditional brick-and-mortar stores, allowing small firms to save money and reinvest in their business.

How Does Electronic Commerce Benefit Small Firms